🚨 SOUTH AFRICANS, WAKE UP 🇿🇦
“We Buy Cars” is straight-up robbing us blind ‼️
Took my 2021 Hilux to them last week. Trade-in value R420k, their “expert” offered R295k. "Cash in 30 mins they said", yeah, cash for their new yacht‼️I sold my bakkie privately for R410k within 4 days of advertising it privately.
They prey on desperate sellers with their fancy ads and “we’ll beat any offer” lies‼️
Don’t get scammed like the rest of us. Sell your vehicle privately‼️
If you've been scammed by WeBuyCars too, tell us your story, so we can warn others before they fall into the same trap‼️
#WeBuyCarsScam #WeStealCars #SouthAfrica #RipOffNation 🚗💸
SA banks are repossessing ~6,000 cars a month. This is 200 cars per day
If you ever wonder why auction lots look identical, look at the estimated monthly numbers by model:
1. VW Polo / Vivo: ~950
2 Toyota Hilux: ~750
3. Toyota Corolla Quest: ~650
4. Ford Ranger: ~500
5. Suzuki Swift: ~450
6. BMW (1, 2, 3 Series): ~300
7. Hyundai Grand i10: ~250
8. Renault Kwid: ~200
South Africa's unemployment rate has climbed to 32.7%, with 8.1 million people now officially unemployed. @GarethEdwardsSA and @FrancisHerd break down the latest labour data, the 345,000 jobs lost in the first quarter, the discouraged workers behind the expanded rate and why the crisis hits young South Africans especially hard. #NumberOfTheDay #eNCA
Watch the full episode here: https://t.co/2gkI9H8xtc
WATCH | Sean Coleman, CEO of the South African Bookmakers' Association, says illegal offshore gambling costs the country's economy approximately R50 billion per year.
South African households are coming under increasing financial pressure, with many now turning to their retirement savings to stay afloat. Early data shows a sharp rise in withdrawals from the two-pot retirement system as the new tax year began in March.
https://t.co/6kLNpPaNnH
Employees aged between 30 and 40 years make up the bulk of people withdrawing their savings benefits from retirement funds to pay off debt. #eNCA#DStv403
WATCH | Benson Laka, a petrol attendant who was rewarded with R20,000 from Nedbank and a further R5,000 from Winmore BP for the kindness his showed towards a customer who had just lost her job says he will be using the money to pay lobola for the mother of his children.
Video credit: Antonio Muchave
Concerns are growing over the rise of gambling in South Africa. NSFAS Acting CEO, Waseem Carrim says the problem is increasingly affecting students, with some using their NSFAS allowances to fund betting habits. Tune in to #eNCA, channel #DStv403.
[WATCH] The country's major banks are facing a legal challenge over repossessed home sales. Homeowners are challenging how repossessed homes are sold when they fall behind on their mortgage payments. They argue that banks often sell homes for prices close to the outstanding bond amount rather than their market value. The applicants want the matter certified as a class action and are seeking damages. @ZinikokaMhlaba has been keeping close watch of those developments.
#Newzroom405
A massive class action of over R60 billion is on the cards against the country's commercial banks. Home owners who have lost their homes for various reasons, which include non-payment of bonds , are taking the banks to court. They say they have been unfairly treated by the banks which sold their homes for a fraction of the value. @ZinikokaMhlaba has more.
Watch: https://t.co/OE0INgFd6P
Gambling surged to R1.5 trillion in the 2024/25 financial year. The rise was driven by easy online access, weak controls and growing participation among young people. Sibongile Simelane Quntana from the South African Responsible Gambling Foundation says stronger protections are needed, warning that gambling advertising remains the biggest problem. Tune in to #eNCA, channel #DStv403.
In the year 2000, R100 bought you 769 kWh of electricity. Today, the same R100 barely gives you 27 kWh. In 2010, R100 bought 238 kWh.
Eskom may be stabilising on paper, but the cost of electricity has become completely unreasonable.
Households are paying the price for years of failure, inefficiency, and mismanagement. This level of pricing is not sustainable and cannot be justified to ordinary South Africans.
[WATCH] Reserve Bank Governor Lesetja Kganyago says proposed changes to how banks calculate interest rates could lower borrowing costs. Currently, banks add 3.5% points to the repo rate to set the prime lending rate. But banks often add more to this rate depending on the client's risk profile. Newzroom Afrika's @ArabileG has more from Davos.
#Newzroom405
#CitizenCam A new study reveals that food insecurity is deepening in South Africa, affecting millions, particularly female-headed households. More than 16 million people are struggling to access sufficient and nutritious food. They are forced to choose between other basic needs, compromising their health and overall wellbeing. in our latest instalment of Citizen Cam, #AMReport405 contributor Zulai khaPatel talks to South Africans about this existential crisis.
#StopFakeHoney | 🍯 There’s No Such Thing as “Honey-Based Syrup.”
It’s simple:
🐝If it’s real honey, it’s 100% honey;
🐝If it’s mixed with sugar or syrup, it’s not honey.
“Honey-Based Syrup” is just syrup pretending to be honey, and it misleads consumers and harms honest beekeepers.
Always read the label and choose real honey. Let’s protect our health and support genuine producers.
#KnowYourHoney #DoAatwork #FoodSafetyFirst #GovZAUpdates @GCISMedia@GovernmentZA@OfficialBCMM